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VALLEY BANK v. ESTATE OF RAINSDON

No. 17614.

793 P.2d 1257 (1990)

117 Idaho 1085

VALLEY BANK, an Idaho banking corporation, Plaintiff-Appellant, v. ESTATE OF Burton RAINSDON, deceased, Thelma T. Rainsdon, personal representative, and Thelma R. Rainsdon, Defendants-Respondents.

Court of Appeals of Idaho.

June 5, 1990.

Attorney(s) appearing for the Case

Anderson, Pike & Bush, Idaho Falls, for plaintiff-appellant. Scott R. Hall argued.

Moss & Luke, Blackfoot, for defendants-respondents. Thomas E. Moss argued.

SWANSTROM, Judge.

This action is between two secured creditors who claim priority in the proceeds from the sale of the debtor's collateral. The district court granted summary judgment to Thelma Rainsdon, holding that she and her late husband, Burton, had a purchase money security interest which was of first priority. The other secured creditor, Valley Bank, has appealed. We are asked to decide whether Burton and Thelma Rainsdon timely perfected their purchase money...

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